Chipmaker SK Hynix’s quarterly operating profit has more than doubled on strong sales of advanced memory chips used in artificial intelligence products, amid stockpiling ahead of looming US tariffs.
Analysts said SK Hynix toppled arch-rival Samsung Electronics as the world’s biggest dynamic random-access memory (Dram) chipmaker for the first time during the first quarter.
Operating profit rose 158 per cent to Won7.44tn ($5.2bn) in the first three months of this year, much higher than the Won6.6tn forecast by analysts polled by Bloomberg.
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